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Feb 8, 2013
02/13
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the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985. the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers at the bank decided to keep the key interest rate unchanged. it's at record low level to support europe's ailing economy. the members of the central bank decided the rate should be maintained at 0.75% for a seventh month in a row. european central bank president draghi said the decision is essential to support the region's economic activity which remains weak. >> the economic weakness in the euro area is expected to prevail in the early part of 2013. later, in 2013, economic activity should gradually recover, supported by our monetary policy stance. >> draghi sa
the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985. the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers...
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Feb 6, 2013
02/13
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the previous year's primary balance was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor's. they say the credit rating agency caused losses to investors by giving high scores to mortgage-backed securities. department officials said they filed the civil lawsuit against the credit rating agency. they claim the s&p knew the housing market was at risk in 2007. they say they inflated their ratings of loans and other financial products to avoid losing clients. >> s&p misled investors, including many federally insured financial institutions, causing them to lose billions of dollars. this alleged conduct is egregious. and it goes to the very heart of the recent financial crisis. >> the officials said investors trusted s&p rati
the previous year's primary balance was in a deficit by about $4.7 billion. the surplus in the primary balance is a key milestone in greece's efforts to restore its fiscal health. but the greek public is largely unhappy with the government's measures. major labor unions across the country are calling for a general strike later this month. >>> u.s. justice department officials have demanded $5 billion in damages from standard & poor's. they say the credit rating agency caused losses...
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Feb 9, 2013
02/13
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trade deficit. but still, traders are not heading into the weekend in a positive mood. outlooks that companies have been giving, and of course on the trading week, were not convincing, and that is why the dax lost more than 2% in the course of this trading week. >> a quick look at the market numbers now -- the dax closed up 5.81%. the euro stoxx 50 gain more. in new york, the dow is going up by about 0.3%. the bureau is now trading at one -- $1.3358, slightly down. >> talk about going against the mainstream -- the ceo of volkswagen says he wants to take a pay cut even though under the company's rules, his salary should be going up by millions. >> he told the german magazine that it is not possible to justify a pay package of 20 million euros to ordinary people. vw is about to enter into wage talks with production staff. in 2011, he was the highest paid ceo in germany. >> china is continuing to expand its role as the workshop of the world with, according to its own figures, exports growing 25% in january compared to the same time last year. that far exceeds expectations.
trade deficit. but still, traders are not heading into the weekend in a positive mood. outlooks that companies have been giving, and of course on the trading week, were not convincing, and that is why the dax lost more than 2% in the course of this trading week. >> a quick look at the market numbers now -- the dax closed up 5.81%. the euro stoxx 50 gain more. in new york, the dow is going up by about 0.3%. the bureau is now trading at one -- $1.3358, slightly down. >> talk about...
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Feb 8, 2013
02/13
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KCSM
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this will make it far easier for ireland to bring down its budget deficit. >> german carmaker diamond has reported record sales for 2012, but it did miss its profit target. timeless says profits were 8.6 billion euros, which is below its 2011 results -- daimler says profits were 8.6 billion euros. >> weak demand in europe weighed on the mercedes luxury car division. they did boost the bottom line by selling a stake in the eads and aerospace group. the company also announced measures to increase its presence in china. the german foreign minister is in the philippines on a mission to boost trade ties. berlin has had frosty relations with manila ever since a trade dispute in the 1990's. >> westerwelle said to some to put that behind the two countries and rebuild relations. germany is manila's biggest trading partner, and strong growth between the two is expected. >> it is the first time in more than a decade that a german foreign minister has paid a visit to the philippines. during talks with his counterpart in manila, the finance minister said they were eager to do more business with th
this will make it far easier for ireland to bring down its budget deficit. >> german carmaker diamond has reported record sales for 2012, but it did miss its profit target. timeless says profits were 8.6 billion euros, which is below its 2011 results -- daimler says profits were 8.6 billion euros. >> weak demand in europe weighed on the mercedes luxury car division. they did boost the bottom line by selling a stake in the eads and aerospace group. the company also announced measures...
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Feb 11, 2013
02/13
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CNBC
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we have done $2.5 trillion in deficit. it's brought the deficit down, but not enough. we're not under 3% as a percentage of our economy and our -- >> gene, we still have $16.5 trillion in debt. let's talk about the here and now. the $16.5 trillion in debt. it's getting higher, not lower. our audience knows this. >> marimaria, obviously your audience what they care about is as a country to have a stable debt as a percentage of their economy. is their deficit below 3% so that your debt as a percentage of your economy is coming down and stabilized. that's what gives people confidence to invest. and that's been the goal i think of both parties. now, we have lowered the deficit. the projection of deficit as percentage of our economy. but we're seeing it's not enough. that's why this president is willing to go forward with an additional $1.8 trillion in deficit reduction which is what was the remaining amount that was on the table when he was speaking with speaker boehner and negotiating. now, the president's still willing to put that offer on the table with all the difficul
we have done $2.5 trillion in deficit. it's brought the deficit down, but not enough. we're not under 3% as a percentage of our economy and our -- >> gene, we still have $16.5 trillion in debt. let's talk about the here and now. the $16.5 trillion in debt. it's getting higher, not lower. our audience knows this. >> marimaria, obviously your audience what they care about is as a country to have a stable debt as a percentage of their economy. is their deficit below 3% so that your...
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Feb 11, 2013
02/13
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this deficit was not caused by our federal work force. you are not responsible for their deficit. \[applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balanced approach, a bipartisan appr
this deficit was not caused by our federal work force. you are not responsible for their deficit. \[applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic...
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Feb 5, 2013
02/13
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saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and deficits will be larger, the cbo says, if current laws were modified and rising health care cost and increased federal health care subsidies, spending cuts and higher taxes with offset deficit increases long-term says the cbo. over and over again this report talks about those short-term budget decisions on the horizon including march 1st, the automatic spending reductions, sequester. what does congress and the white house do about the expiring continuing resolution in late march, funding for the operations of government and, divorce, the next round of the debt limit debate due to h
saying deficits decline as a percentage of gdp could dip as low as 2.4% in 2015. then they start to rise again in 2016. that 10-year-old cbo deficit projection increased overall to 4.6 trillion for the 2013 decade up from $20.2 trillion in it's previous. cbo sees real gdp growing 1.4% in 2013, the sub died growth limits businesses to hire more workers, cbo projecting unemployment rate to stay near 8% this year, also expecting unemployment rate to remain above 7.5% through 2014. debt and...
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Feb 12, 2013
02/13
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FBC
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the united states report it a total trade deficit of just about $728 billion. that's a trillion dollars wing. -kendis is without any question. a trillion dollars wing. china also posted an over 8% increase in its gdp in the latest quarter compared to our stunning decline. it's unimaginable the thing that that growth rate feels light -- china's latest unemployment rate , unemployment, unemployment rate of 4%. and china's government debt, yes, they have a debt. ours is a 16 and a half trillion dollars in debt. but you know what, i can't believe that the chinese feel a little bit better about tears because are going to add another trillion dollars hours. meanwhile, the united states those china almost 2 trillion. there is no counterweight. it's a little problem for us to know what is after all the communist nation almost $2 trillion we are big shot capitalists. what is wrong? we are going to be talking about that very issue throughout the week, looking at how the united states model comparison europe's model. is the communist model any more sustainable? if no one
the united states report it a total trade deficit of just about $728 billion. that's a trillion dollars wing. -kendis is without any question. a trillion dollars wing. china also posted an over 8% increase in its gdp in the latest quarter compared to our stunning decline. it's unimaginable the thing that that growth rate feels light -- china's latest unemployment rate , unemployment, unemployment rate of 4%. and china's government debt, yes, they have a debt. ours is a 16 and a half trillion...
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Feb 11, 2013
02/13
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WGN
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in another battle over the best way to reduce the federal deficit. lawmakers from both parties made the rounds on the sunday talk shows. both sides of the ioc budget cuts scheduled to go into effect next month will have a negative impact on the economy >> it was designed as a budget threat not as a budget strategy ... is going to have a dramatic negative impact... >> the senator said more taxes are needed to solve the problem. republican house majority leader said most republicans want to fix the deficit without raising taxes. >> congressmanthe no. 2 republican in the u.s. house and now says he would support granting citizenship to children who are in the u.s. illegally >> they were brought here to no fault of their own >> president obama says immigration reform will be a top priority of his second term. a recent gallup poll shows that 72 percent of americans support policies that would have a path toward citizenship or residency for the more than one 11 million undocumented immigrants in the u.s. >> more than a billion people in china and other asia
in another battle over the best way to reduce the federal deficit. lawmakers from both parties made the rounds on the sunday talk shows. both sides of the ioc budget cuts scheduled to go into effect next month will have a negative impact on the economy >> it was designed as a budget threat not as a budget strategy ... is going to have a dramatic negative impact... >> the senator said more taxes are needed to solve the problem. republican house majority leader said most republicans...
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Feb 8, 2013
02/13
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. >>> japan recorded a current account deficit for the second straight month. the first time the country has been in the red for several months in a row since officials started keeping track the way they do now. finance ministry officials say the current account deficit for december, $2.8 billion. the trade balance registered a deficit of $6 billion. exports fell 6.9%. imports up .8%. in yen terms over the previous year. the current account surplus for 2012 is the smallest based on comparable data based on 1985. surplus fell 50.8% to $50.2 billion. >>> china's total amount of trade soared 27% from january year earlier. but trade with japan posted much smaller growth. china's customs data shows exports totalled more than 180 billion. up 25%. the country imported 160 billion, showing an increase of 29%. the total amount of trade surged 27%. the jump is attributed mainly to dent in the same month last year. the lunar new year holidays fell in january 2012. >>> trade with japan grew slightly more than 10%. china's trade with asean climbed 43%. the data showed that
. >>> japan recorded a current account deficit for the second straight month. the first time the country has been in the red for several months in a row since officials started keeping track the way they do now. finance ministry officials say the current account deficit for december, $2.8 billion. the trade balance registered a deficit of $6 billion. exports fell 6.9%. imports up .8%. in yen terms over the previous year. the current account surplus for 2012 is the smallest based on...
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Feb 6, 2013
02/13
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CNBC
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so that's 60% of the deficit right there. so this stuff about cutting taxes and that's going to stimulate the economy, this is supply side economics. >> it is. >> very much -- >> and it worked in the '80s under reagan and the '90s under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the balance is there. now it is time to look at the other side which is spending cuts and entitlement reform. that's what hasn't come yet. >> i have to get out. thanks very much. appreciate it. you're both great. so are house republicans prepared to put up a spending cut fight with the president some let's get t? let's get the gop perspective. mr. roscom, what is your response to president obama's rift today? >> well, look, this is president obama's sequester to pay for the old ket credebt ceiling deal. that being said, the president also in december last time you and i talked
so that's 60% of the deficit right there. so this stuff about cutting taxes and that's going to stimulate the economy, this is supply side economics. >> it is. >> very much -- >> and it worked in the '80s under reagan and the '90s under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the...
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Feb 10, 2013
02/13
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you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think this is something on the longer term which is what bowles-simpson was all about, something which i favored totally. so i think that was a combination of including longer-term control over some of our big expenditures, particularly in health care. and that is something we have to do. i think the president could get some things if, in fact, he addressed some of these longer term issues but he walked away from that and there's no confidence that he really cares about it. >> let's talk about common -- noneconomic things. i would have thought y
you've been worried about the deficit. what do you say to this argument that trying to reduce the deficits in europe has been a disaster? it's slowed growth, slowed tax reeve news and increased the deficit? >> let me just say i am not in favor of reducing the deficit now. the short term i am not in favor of reducing the deficit. but i do think there have to be some longer-term plans that give the financial markets some degree of confidence that we're not just going to blow apart. i think...
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Feb 9, 2013
02/13
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KQED
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trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but that success was offset somewhat by i
trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely...
WHUT (Howard University Television)
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Feb 8, 2013
02/13
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WHUT
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the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country imported about $160 billion worth of goods showing an increase of about 29%. the total amount of trade came to about $345 billion surging nearly 27%. officials attribute the jump mainly to a dent in the same month last year, the lunar new year holidays fell in january in 2012. trade with japan grew slightly more than 10%. that suggested bilateral ties soured over a territorial dispute. on the on the other hand japan's trade with southeast asian nations climbed almost 43%. the data showed that china's trade with this high growth region is expanding further. >>> here's anot
the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country...
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reducing the deficit through immigration reform. how did it work? president obama held meetings today with top ceos and labor leaders. we have all the latest details. >>> plus the justice department body slammed standard & poor's alleging it defrauded investors over mortgage securities rating. is s&p cooked? john eagan, ceo of eagan jones rating company joins us exclusively to react. >>> the entire electronic industry could be turned upside down. foxconn workers in china will get the first free union vote. these guys produced 40% of the world's electronics. will this push up the price of your smartphone? you might want to embrace for impact. even when they say it's not it is always about money melissa: first let's take a look at today's market moments. stocks recovered after the worst day of the year. solid u.s. and european economic data helped put the bulls back on the track. the dow briefly climbed back above the 14,000 mark and pared session highs closing up 99 points. nasdaq and s&p 500 each gained more than 1%. >>> starting off tonight with pr
reducing the deficit through immigration reform. how did it work? president obama held meetings today with top ceos and labor leaders. we have all the latest details. >>> plus the justice department body slammed standard & poor's alleging it defrauded investors over mortgage securities rating. is s&p cooked? john eagan, ceo of eagan jones rating company joins us exclusively to react. >>> the entire electronic industry could be turned upside down. foxconn workers in...
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as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets, none of which have ever come to balance. the house republicans have acted responsibly, our budget is yet to balance, so what we will do is put together a budget that balances in a ten-year time. all it does tomorrow it says to the president tell us when you'ryourbudget balances. it is important to do that because we have our principled solutions with the program. liz: used a dozen state when the budget would be balanced, is that it? >> we have had to end dollars deficit of the past four years in the past for budgets by this president have never come into balance ever in the 75
as the president talks up, how to reduce the deficit and avoid spending cuts. we're learning the budget deficit will top $845 billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets,...
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the deficit will get even bigger the debt the official debt will came in late even more rapidly and our government is also printing a lot of money to pay for these bills so inflation can also take off very quickly so i see the problems and they may not be in thirty years they may be in five years or two years that the chinese and other people start to understand how bad the situation is and then we'll be in a situation in greece where people won't lend us money. and then we will have to make big cuts and everybody will be injured. so you mention china and i know that china and japan are they top the list of america's lenders in ways or one trillion should they just get used to the idea they're not getting their money back i mean they can't just come out and say hey i want part of the american g.d.p. . if i were anybody whether i was chinese or japanese or russian i would not be buying thirty year us government treasury bonds that are yielding three and a half percent or something right now because the prospects for us to print we have printed so much money since two thousand and seven i
the deficit will get even bigger the debt the official debt will came in late even more rapidly and our government is also printing a lot of money to pay for these bills so inflation can also take off very quickly so i see the problems and they may not be in thirty years they may be in five years or two years that the chinese and other people start to understand how bad the situation is and then we'll be in a situation in greece where people won't lend us money. and then we will have to make...
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Feb 5, 2013
02/13
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FOXNEWS
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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Feb 5, 2013
02/13
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what's a better way to reduce the deficit? >> pro-growth policies and i think we can do that through comprehensive tax return where we can lower rates, broaden the base and have a less complicated tax code and independent experts show if we can do that with spending cuts, we can create 1 million jobs in the first year. >> well, it just seems like we keep kicking the can down the road, delaying, delaying, delaying. the cbo says the automatic budget cuts would cut our gdp in half. given that, does it make you more inclined to sign on to the president's plan? >> look, house republicans passed last august a plan to change the mix of those spending cuts in the first year, and that's still out there, but what the president did, he's got his revenue at beginning of the year. more revenue will just hurt the economy. it will cost us jobs, so what we really need now is the second piece of the balanced approach the president called for in december which is the beginning of reining in our debt and deficits. again, on the president's commi
what's a better way to reduce the deficit? >> pro-growth policies and i think we can do that through comprehensive tax return where we can lower rates, broaden the base and have a less complicated tax code and independent experts show if we can do that with spending cuts, we can create 1 million jobs in the first year. >> well, it just seems like we keep kicking the can down the road, delaying, delaying, delaying. the cbo says the automatic budget cuts would cut our gdp in half....
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Feb 6, 2013
02/13
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is recognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legisl
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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Feb 10, 2013
02/13
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the deficit is improving. the long-term debt is the real problem. >> great to see you guys, thanks so much, have a great weekend. >>> of all the things our government spends money on. what do you think is the most expensive? the answer wasn't the same case 50 years ago, i'll tell you, when we come back. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his te
the deficit is improving. the long-term debt is the real problem. >> great to see you guys, thanks so much, have a great weekend. >>> of all the things our government spends money on. what do you think is the most expensive? the answer wasn't the same case 50 years ago, i'll tell you, when we come back. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a...
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Feb 8, 2013
02/13
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we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for california dems and california businesses to do what they want to do with them. and so you've got to take both of those into account. and i think that one of my concerns is, if we simply say deficits are not a problem, everything is better, what we are ignoring is that other dimension because in reality what happens, the policymakers are making to decisions. wonders whether they're deciding about deficits or surpluses. they're deciding are going to borrow from our state's future income. but when a decision on the size of governmen
we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for...
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economy out of its current deficit now so those jobs will never bring a can the economy out of deficit doesn't love or work and never generates taxable income to take about it out of the deficit of it and they don't seem to want to somehow though the importance of saving social thing i had to explain you know it's all very well having they could really just over there it was there was a business plan and some of the old cards lords and they just sit around so i look i quite like the treasury select committee they're the only people we've got in this country who are actually challenge when i'm due to reruns it has to lead to some sort it is the chairman of the treasury select latino m.p. somewhere he is an m.p. where you have to be an m.p. to be on the committee who weren't so worse is going to talk about where his constituency is but he's i think he's a good ag and most of them are trying to hold the bank of england to account now i don't know what they'll be able to do in the end but surely it's better for them actually to oversee because it is easy and to try and turn over the rock a
economy out of its current deficit now so those jobs will never bring a can the economy out of deficit doesn't love or work and never generates taxable income to take about it out of the deficit of it and they don't seem to want to somehow though the importance of saving social thing i had to explain you know it's all very well having they could really just over there it was there was a business plan and some of the old cards lords and they just sit around so i look i quite like the treasury...
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economy out of its current deficit you know so those jobs will never bring a can the economy out of deficit doesn't love or work and never generates taxable income would take about it out of the deficit but it and they don't seem to want to some other the importance of saving social thing i had to explain you know it's all very well having they just over there it was like we're supposed to spend some of the old codger lords and they just sit around so i look i quite like the treasury select committee they're the only people we've got in this country who are actually challenge when i'm due to reruns it under leadscrew sort is the chairman of the treasury select latino somewhere he is an m.p. where you have to be an m.p. to be on the committee who weren't so worse is going to talk about where his constituency is but he's i think he's a good ag and most of them are trying to hold the bank of england to account now i don't know what they'll be able to do in the end but surely it's better for them actually to oversee because it is easy and to try and turn over the rock and have a look underneath
economy out of its current deficit you know so those jobs will never bring a can the economy out of deficit doesn't love or work and never generates taxable income would take about it out of the deficit but it and they don't seem to want to some other the importance of saving social thing i had to explain you know it's all very well having they just over there it was like we're supposed to spend some of the old codger lords and they just sit around so i look i quite like the treasury select...
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Feb 7, 2013
02/13
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some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to "the kudlow report." in this half hour, mahmoud ahmadinejad says iran is now a nuclear country. does that mean the rogue regime already has nuclear weapons? we'll get an answer later on. on what would have been president reagan's 102nd birthday, we will honor reagan with a look at many of his messages that resonate today. we have more of
some say growth initiatives must await final action on deficit reductions. well, the best way to reduce deficits is through economic growth. [ applause ] get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their...
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Feb 4, 2013
02/13
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FOXNEWS
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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Feb 8, 2013
02/13
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the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year. as a result, the ministry said the current account surplus for the whole of 2012 was down for two years in a row. now u.s. stock prices ended lower. the dow jones industrial average lost nearly a third of a percent to end the day at 13,944 on thursday. that's after poor productivity data as well as comments from the ecb president which sent the euro lower. for more and for how stocks are trading here in tokyo, we are going to ramin mellagard at the tokyo stock exchange. we have had two pull-backs. are we headed for another? >> it looks like it. the drop we have seen in trade appears like that. the 2% drop in productivity for the fourth quarter in the u.s. as well as those slightly taken as negative comments from ecb president mario draghi may have more bite. we are definitely seeing that in the opening levels. let's have a look at those. 11,247. less than 1% on the nikkei. topix at 961. we had more than 400-poi
the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year. as a result, the ministry said the current account surplus for the whole of 2012 was down for two years in a row. now u.s. stock prices ended lower. the dow jones industrial average lost nearly a third of a percent to end the day at 13,944 on thursday. that's after poor productivity data as well as comments from the ecb president which sent the euro lower. for...
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economy out of its current deficit you know so those jobs will never bring a can the economy out of deficit doesn't never work and never generates taxable income to take about it out of the deficit of it and they don't seem to want to some of the the importance of saving social thing i had to explain you know it's all very well having they just over there it was there was a business plan some of the old codger lords and they just said i was so i look i quite like the treasury select committee they're the only people we've got in this country who are actually challenge when i'm due to reruns it under leadscrew sort is the chairman of the treasury select latino somewhere he is an m.p. where you have to be an m.p. to be on the committee who weren't so worse is going to talk about where his constituency is but he's i think he's a good ag and most of them are trying to hold the bank of england to account now i don't know what they'll be able to do in the end but surely it's better for them actually to oversee because it is easy and to try and turn over the rock and have a look underneath them ju
economy out of its current deficit you know so those jobs will never bring a can the economy out of deficit doesn't never work and never generates taxable income to take about it out of the deficit of it and they don't seem to want to some of the the importance of saving social thing i had to explain you know it's all very well having they just over there it was there was a business plan some of the old codger lords and they just said i was so i look i quite like the treasury select committee...
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Feb 12, 2013
02/13
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MSNBC
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. >> goals in manufacturing, energy, education, national security and the deficit. real achievable plans that will lead to new jobs. >> top republicans including senator mcconnell already critical of the speech. >> i strongly suspect the white house will subject us to yet another campaign blitz. frankly, i could write the scripts myself and will be told the president's hands are tied by the sequester he proposed, signed and refuses to get rid of. >> we learned the president will make a major announcement of afghanistan announcing that 34,000 u.s. troops will return home from the region exactly one year from today. that's about half the troops there now. joining us now, maryland congressman chris van hollen, ranking member of the house budget committee. thank you for joining us. >> great to be with you, tamron. >> first, what are the expectations for the president tonight? >> well, i think as you said the president's going to lay out his plan for xik growth, for job creation but focusing on the fact it is not good enough just to have economic growth for the folks alr
. >> goals in manufacturing, energy, education, national security and the deficit. real achievable plans that will lead to new jobs. >> top republicans including senator mcconnell already critical of the speech. >> i strongly suspect the white house will subject us to yet another campaign blitz. frankly, i could write the scripts myself and will be told the president's hands are tied by the sequester he proposed, signed and refuses to get rid of. >> we learned the...
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Feb 12, 2013
02/13
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we have trillion dollar plus deficits and also have the fed buy our debt. that's a ponzi scheme. that cannot continue long-term. we have to reduce debt as a percentage of the economy and then stabilize it. >> again, i'm sure our viewers, listen, they get tired of talking about it because in some ways it's a little depressing to talk about this. some people pooh-pooh it. let's take the other side. debt hasn't doomed us now, why should it now. i'm trying very hard to take the other side. >> let's be clear. not all debt is bad. some is fine. too much debt is not. what you have to do whether you're a company, an individual or a country, you have to look at how much debt do you have as a percentage of your income and your ability to service and sustain that. most economists will tell you 60% of public debt to gdp is the right number. international monetary fund will, too. we're 75 now if you count public debt, we're 100% if you count social security and medicare obligations and we're adding debt at record rates. >> david, we're at more than 300% debt to gdp if you factor in public and
we have trillion dollar plus deficits and also have the fed buy our debt. that's a ponzi scheme. that cannot continue long-term. we have to reduce debt as a percentage of the economy and then stabilize it. >> again, i'm sure our viewers, listen, they get tired of talking about it because in some ways it's a little depressing to talk about this. some people pooh-pooh it. let's take the other side. debt hasn't doomed us now, why should it now. i'm trying very hard to take the other side....